Sunday, December 4, 2011

Whether date of contract or date of transaction in Demat account will be taken as date of purchase of share?

Obviously, the date of contract. Assume you buy a share on Monday. You will get the shares in your account on Wednesday because of the pay-out cycle. In this case, your purchase date is Monday only - and not Wednesday. On Wednesday, it was only executed.|||Obviously date of transaction with reference to contract you have received.

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